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Rezakaz
Nov 12, 2022 12:17 AM

Bottomed enough, ready to jump </LONG TERM> Long

BTCUSD Perpetual ContractBybit

Description

| Your time is precious so I write concise and precise, feel free to ask for more |

The price has reached the bottom of the depicted channel, and some volume is expected, as FTX narratives begin to shift bullishly. Personally, I believe this is a good place to enter and keep an eye on the bottom of this channel, which I believe will keep the price secure. So, for conservative traders, entering in the next 10 days may be a safer option. DYOR.

The worst scenario - Full enter in mentioned 114xx (which I believe can only be reachable by shadow, so put limit order)

// DYX is also showing bearish signs, my most recent analysis can be found in my profile.

| Your time is precious so I write concise and precise, feel free to ask for more |

Trade active

The channel provided was reliable and acted as good base for ongoing trend.
Hope this analysis helped you with making decision.
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